Earn up to a $200 bonus with Blue Cash cards from American Express
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American Express has increased the welcome bonuses for Blue Cash Preferred and Blue Cash Everyday cards by $50 each. Now, new Blue Cash Preferred cardholders can earn $200 cash back after spending $1,000 in the first three months, and new Blue Cash Everyday cardholders earn $150 after spending $1,000 in the first three months. See the other card changes in the charts below.
Blue Cash Preferred card changes
|Previous offer||Updated offer|
|Introductory bonus||$150 cash back after $1,000 spend in the first 3 months||$200 cash back after $1,000 spend in the first 3 months|
|Introductory APR||None||0% intro APR on purchases and balance transfer for 12 months, then 14.74% to 25.74% (variable)|
|Annual fee||$0 first year, then $95||$95|
As you can see, the Preferred card ended its limited-time annual fee promotion, which offered the first year of card membership for free. However, the $50 introductory bonus increase along with not charging an interest rate on purchases or balance transfers during the first year can help offset the $95-annual fee.
Blue Cash Everyday card changes
|Previous offer||Updated offer|
|Introductory bonus||$100 cash back after $1,000 spend in the first 3 months||$150 cash back after $1,000 spend in the first 3 months|
|Introductory APR||0% intro APR on purchases and balance transfers for 12 months||0% intro APR on purchases and balance transfer for 15 months, then 14.74% to 25.74% (variable)|
In addition to continuing to offer no annual fee, the Blue Cash Everyday card now offers a $150 introductory bonus. The card also increased its 0 percent introductory APR period to 15 months on purchases and balance transfers – a long time period for a cash back card.
Which card is better?
Along with a higher introductory bonus, the Blue Cash Preferred card offers a higher rewards rate than that of the Blue Cash Everyday card – which may make the Preferred card seem like the obvious choice.
But, since the Preferred card includes a $95 annual fee, you may be wondering: Is the Preferred card really the best value? Check out our side-by-side comparison below to see for yourself.
Comparing Blue Cash Preferred and Everyday cards
Blue Cash Everyday
Blue Cash Preferred
||$150 after $1,000 spend in first 3 months||$200 after $1,000 in first 3 months|
|Introductory offer||0% APR on balance transfers and new purchases for 15 months, then a variable APR of 14.74% to 25.74%||0% APR on balance transfers and new purchases for 12 months, then a variable APR of 14.74% to 25.74%|
|Estimated value in first year ($15,900 spend)||$411||$504|
Even with its high annual fee, we believe that the Preferred card offers a better value over the Everyday card.
Based on an average consumer’s spending on gas, groceries and department stores, we estimate that you can earn $504 of cash back on $15,900 of spend with the Blue Cash Preferred card in the first year. This takes into account the annual fee, the $200 introductory bonus and cash back earned in all spending categories.
With its smaller welcome bonus and half as much cash back on grocery purchases, the Blue Cash Everyday card’s average earnings add up to $411 in the first year – that’s $93 less than the Preferred card’s earnings.
Once you’ve completed the first year of card membership, the difference in value between the two cards is closer, but the Preferred card still wins. Without the benefit of the introductory bonuses, the Preferred card offers $304 of value on average, while the Everyday card only offers $261 – a difference of $43.
For the majority of cardholders who are committed to using the card, the $95 annual fee for the Blue Cash Preferred card is worth it – both in the short and long term.
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